Ecommerce provider, The Hut Group, has won £5 million of funding from the Bank of Scotland in the North West and North Wales final of its annual Entrepreneur Challenge. The Hut Group will use the funding to increase partnerships across new categories.
Matthew Moulding, CEO at The Hut Group, comments, “We are absolutely delighted to have won the North West and North Wales final of the Entrepreneur Challenge and look forward to the national final in London. The funding will enable us to dedicate more resource to this area of our business. I am truly excited about the growth opportunities ahead for The Hut and look forward to working with our team of technical experts to provide large retailers with the necessary online requirements.”
The Hut Group will now go forward to the national final of the competition in London, which takes place in December.
The Hut Group also has an online entertainment retail site and sells a range of lifestyle and leisure products including DVDs, books, games consoles and the latest gadgets.
About The Hut Group
Based in Northwich, Cheshire, The Hut Group was established in 2004 by Matthew Moulding and John Gallemore. TheHut.com is the fifth largest online entertainment retailer selling home entertainment products such as books, DVDs and games.
A Sunday Times Tech Track company, The Hut Group is the fastest growing technology company in the North West and ranked 8th in the UK.
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